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20121201
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minimum wage is $7.25. cities and states can set their own wages higher. like san francisco. which will raise its to $10.55 an hour on january 1. >> little more money in the pocket of workers, they will have an opportunity to go out and spend more money. and grow the economy a little bit. >> taking money away from business owners and giving it to low-skilled workers is not a formula for growth that all economists support. >> raising the minimum wage is interfering with the free market process always costs jobs. it increases unemployment. >> two democratic lawmakers senator harken and congressman george miller want to raise federal minimum wage from $7.25 to $# .80 over two years but republican senator alexander says the focus should be on job training and he is for maximum wages, not minimum wages. doug? >> doug: thank you, peter. still ahead -- 2012 was a big year for political junkies. we'll have a recap of the year. first, mandarin is the language of choice for many american colleges. you heard that right. we list them for you. i've been taking a multivitamin for years. centrum
billion or part of the water front former military base in san francisco. both cases, politicians said no. they want to make sure they are taken care of. sometimes it gets in way of what is best for the nation. >> federal government is america biggest landlord. selling 20% of the empty or underperforming buildings would save $2 billion. you go through and clear it out. it's a matter of scale. defense refused to sell valuable public land adjacent to fast-growing city. without charging royalties like we do for oil and natural gas. selling amtrak could net $60 billion. the tennessee authority and the power would bring in more. commission could oversee the sale to overcome partisan opposition. >> the commission could look at all the federal assets. decide which were the most valuable. which could be sold with the least loss to common good. >> the federal government owns 28% of the land in the u.s.. $500 billion in mineral right. the tax foundation calls selling unused asset and empty buildings one of the least worst options of raising cash. experts admit yard sale are not words you often hear
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